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whosleftholdindabag

07/20/20 6:23 PM

#295590 RE: BWIS #295581

BWIS, that's probably the best way to do it! I didn't even consider the taxes, as I stated all gains(pre-tax) and investment go to charity! I was going to just eat the taxes but I will have to check with my financial experts on that, thank you mate!

I don't remember who brought INMB to the message board, it could've been sukus. I purchased 50,000 shares after doing a bit of research(not much lol). Still holding 25,000 shares. GLTA
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JerryCampbell

07/20/20 9:54 PM

#295615 RE: BWIS #295581

Donating appreciated shares is the tax efficient approach. Assuming US taxation:

Make sure the charity is properly registered as a 501c3. Ask for a copy of their Form 990 and/or check them out on Guidestar. That's minimum due diligence for non-profits.

Ask if they are set up to receive stock donations. You'll need to send your broker a Letter of Authorization which requires some info from the recipient. It should include:

Your Name as shown on account
Account number
Stock to transfer (name and ticker or CUSIP)
Number of shares to transfer (and ideally number remaining as a check)

Recipient info:
Name
Address
Phone
DTC
Broker
AccountID